Despite the rapid growth of Meta’s Twitter competitor Threads, a significant portion of the crypto community remains loyal to Twitter.
As report Nearly 70% of the 117 major players in the cryptocurrency industry have yet to open a Threads account a week after launch, according to NFTGator.
Threads has seen an extraordinary surge in its user base, crossing the 100 million mark within a week of its launch.according to BBCMeta CEO Mark Zuckerberg was surprised by the milestone. Nevertheless, the lukewarm response from the cryptocurrency community indicates potential hesitation in switching platforms.
Twitter has long been the platform of choice for cryptocurrency enthusiasts, spawning certain subsets such as “Crypto Twitter” and “NFT Twitter”. According to NFTGators, the platform’s tweet volume engagement appears to be unmatched, with hashtags like #Bitcoin averaging about 563,000 tweets per week and #Ethereum averaging 268,000 tweets per week.
Analysis by NFT Gator also revealed that among cryptocurrency brands with established presence on Threads, engagement levels are relatively low compared to Twitter. Binance Exchange, the most-followed crypto account on Threads, has amassed over 335,000 followers despite investing $500 million in its October 2022 acquisition of Elon Musk’s Twitter. .
NFT gator clearly Interesting stats across the industry.
“We are a cryptocurrency exchange such as Binance, Kucoin, Gate.io, Crypto.com and cryptocurrencies with top market capitalization such as Ethereum (ETH), Tether (USDT), Ripple (XRP) and Cardano (ADA). So far, of the 117 top cryptocurrency brands, nearly 70% have yet to open a Threads account.”
Meta’s Threads has made a bold move, gaining over 100 million users in a matter of days, but the platform still falls short of Twitter’s estimated 350 million users. Thread growth prospects can also be hampered by challenges such as: Not available In mainland Europe, concerns over EU data privacy laws and lack of a desktop version have resulted in
The cryptocurrency community’s cautious approach to threads highlights Twitter’s deep-rooted influence and popularity within the Web3 industry.
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